National Health Investors, Inc. (NYSE:NHI) Receives $84.60 Average Price Target from Brokerages

National Health Investors, Inc. (NYSE:NHI - Get Free Report) has been given a consensus rating of "Buy" by the five analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $84.60.

A number of research firms recently commented on NHI. KeyCorp upgraded National Health Investors from a "sector weight" rating to an "overweight" rating and set a $80.00 price objective on the stock in a report on Thursday. Wedbush upgraded National Health Investors to a "strong-buy" rating in a report on Wednesday, July 2nd. Finally, Truist Financial upgraded National Health Investors from a "hold" rating to a "buy" rating and set a $77.00 price objective on the stock in a report on Wednesday, July 2nd.

Institutional Investors Weigh In On National Health Investors

Large investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC boosted its position in National Health Investors by 49.8% during the first quarter. Smartleaf Asset Management LLC now owns 442 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 147 shares during the period. Loomis Sayles & Co. L P boosted its position in National Health Investors by 42.0% during the fourth quarter. Loomis Sayles & Co. L P now owns 639 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 189 shares during the period. GF Fund Management CO. LTD. bought a new stake in National Health Investors during the fourth quarter worth approximately $58,000. Jones Financial Companies Lllp boosted its position in National Health Investors by 781.2% during the fourth quarter. Jones Financial Companies Lllp now owns 890 shares of the real estate investment trust's stock worth $62,000 after purchasing an additional 789 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in National Health Investors by 5,000.0% during the first quarter. Farther Finance Advisors LLC now owns 918 shares of the real estate investment trust's stock worth $68,000 after purchasing an additional 900 shares during the period. Institutional investors own 62.51% of the company's stock.

National Health Investors Stock Up 0.2%

Shares of NHI traded up $0.16 during trading hours on Thursday, reaching $71.25. The company's stock had a trading volume of 347,618 shares, compared to its average volume of 250,685. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 22.62, a P/E/G ratio of 3.58 and a beta of 0.73. National Health Investors has a 1-year low of $65.13 and a 1-year high of $86.13. The company has a quick ratio of 16.55, a current ratio of 16.55 and a debt-to-equity ratio of 0.88. The company has a 50 day moving average of $72.38 and a two-hundred day moving average of $71.63.

National Health Investors (NYSE:NHI - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. National Health Investors had a return on equity of 10.64% and a net margin of 41.15%. The firm had revenue of $68.87 million for the quarter, compared to the consensus estimate of $85.13 million. During the same quarter in the prior year, the company posted $1.10 earnings per share. The firm's revenue was up 9.6% on a year-over-year basis. As a group, research analysts predict that National Health Investors will post 4.41 EPS for the current fiscal year.

National Health Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Monday, June 30th will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $3.60 dividend on an annualized basis and a yield of 5.05%. National Health Investors's payout ratio is currently 114.29%.

About National Health Investors

Incorporated in 1991, National Health Investors, Inc NYSE: NHI is a real estate investment trust specializing in sale, leasebacks, joint-ventures, senior housing operating partnerships, and mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI's portfolio consists of independent living, assisted living and memory care communities, entrance-fee retirement communities, skilled nursing facilities, and specialty hospitals.